Swiss National Bank maintained its stake in shares of Bottomline Technologies, Inc. (NASDAQ:EPAY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,400 shares of the technology company’s stock at the end of the second quarter. Swiss National Bank owned 0.18% of Bottomline Technologies worth $1,732,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EPAY. Global X Management Co. LLC grew its holdings in Bottomline Technologies by 399.3% during the 2nd quarter. Global X Management Co. LLC now owns 5,752 shares of the technology company’s stock worth $148,000 after acquiring an additional 4,600 shares during the period. State of Alaska Department of Revenue grew its holdings in Bottomline Technologies by 71.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,133 shares of the technology company’s stock worth $183,000 after acquiring an additional 2,963 shares during the period. Mason Street Advisors LLC grew its holdings in Bottomline Technologies by 10.7% during the 1st quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock worth $209,000 after acquiring an additional 856 shares during the period. Envestnet Asset Management Inc. grew its holdings in Bottomline Technologies by 23.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,138 shares of the technology company’s stock worth $216,000 after acquiring an additional 1,730 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Bottomline Technologies by 7.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the technology company’s stock worth $229,000 after acquiring an additional 600 shares during the period. 89.69% of the stock is owned by institutional investors and hedge funds.

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Shares of Bottomline Technologies, Inc. (EPAY) opened at 33.35 on Friday. Bottomline Technologies, Inc. has a 52 week low of $21.52 and a 52 week high of $33.44. The stock has a 50 day moving average price of $30.88 and a 200 day moving average price of $26.85. The firm’s market capitalization is $1.25 billion.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.12). Bottomline Technologies had a negative net margin of 9.48% and a positive return on equity of 4.35%. The firm had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $90.95 million. During the same quarter in the previous year, the company earned $0.37 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts forecast that Bottomline Technologies, Inc. will post $1.06 EPS for the current year.

EPAY has been the subject of a number of recent analyst reports. BidaskClub upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 price target on shares of Bottomline Technologies in a report on Friday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target (up from $31.00) on shares of Bottomline Technologies in a report on Friday, August 11th. Finally, UBS AG upgraded Bottomline Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.00.

In related news, insider John Francis Kelly sold 3,977 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58. Following the transaction, the insider now owns 40,175 shares in the company, valued at $1,186,769.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Norman J. Deluca sold 1,898 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $28.99, for a total transaction of $55,023.02. Following the transaction, the insider now owns 77,192 shares in the company, valued at approximately $2,237,796.08. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.

About Bottomline Technologies

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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